Tether tightens control of Twenty One Capital after SoftBank sells 25% stake

Tether now holds more control over XXI after buying out SoftBank’s entire stake in Twenty One Capital (NYSE: XXI) for $711 million. Softbank paid $1 billion for its stake but sold it at a loss of $288 million. Tether published a press release on its website confirming the deal and now wants XXI to merge...